Cinemark HoldingsNYSE: CNK

Cinemark (CNK) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.

Cinemark (CNK) shares are up more than 15% this month. Cinemark operates movie theaters across 42 state and 13 countries.

Movie theater company Cinemark Holdings Inc CNK gets upgraded by an analyst as several box office releases are showing strength for the movie industry in recent weeks.

Cinemark (CNK) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Cinemark (CNK) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.

Movie theaters are facing challenges due to the changing ways people consume entertainment content, leading to a decline in the box office business model, which is concerning for Cinemark (NYSE: CNK).

Cinemark Holdings (CNK) reported earnings of $0.19 per share for the quarter, surpassing the Zacks Consensus Estimate of a loss of $0.21 per share. This is an improvement from a loss of $0.03 per share in the same quarter last year.

According to Wedbush, Cinemark Holdings Inc. is in a good position to benefit from a stronger box office as the movie theater industry rebounds from the impact of last year's strikes by Hollywood writers and actors.